Isda AGM: Closer international co-ordination needed, says MAS’s Ng
The potential for conflicting regulations could hamper cross-border trades, warns MAS official
Global regulators need to co-ordinate more closely to ensure derivatives users are not subject to multiple, conflicting rules, otherwise cross-border trading will suffer, according to Ng Nam Sin, assistant managing director, development group, at the Monetary Authority of Singapore (MAS).
Speaking at the International Swaps and Derivatives Association's annual general meeting in Singapore this morning, Ng acknowledged there are challenges in creating a global regulatory regime for over-the
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